# Medisys Health Network, INC. 403(b) Plan
Source: https://planprovider.pro/companies/medisys-health-network-inc-403b-plan

> Medisys Health Network, INC.'s 403(b) plan: 6,347 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Medisys Health Network, INC.

- **Sponsor EIN:** 113316802

- **Sponsor Address:** 8900 VAN WYCK EXPRESSWAY, JAMAICA, NY, 11418

- **Plan Type:** 403(b)

- **Total Participants:** 6,347

- **Total Assets:** $386.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|6,347|$386.7M|$3.8M|$22.9M|

| 2023|6,087|$345.6M|$3.1M|$20.6M|

| 2022|5,686|$298.6M|$3.2M|$19.1M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| ROYAL ALLIANCE ASSOCIATES, INC.|ADVISOR|$533,314|—|$533,314|

| NEWPORT GROUP, INC.|RECORDKEEPER|$312,337|—|$312,337|

| NEWPORT TRUST COMPANY|TRUSTEE|$79,327|—|$79,327|

| COHNREZNICK LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ROYAL ALLIANCE ASSOCIATES, INC.](https://planprovider.pro/provider/royal-alliance-associates-inc) — ADVISOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $924,978

- **Estimated Expense Ratio:** 0.239% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$925,037|$533,314|$15,330|—|—|

| 2023|$780,939|$453,591|$100|—|—|

| 2022|$752,741|$501,675|$201,616|—|$49,450|

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